PRECIOUS METALS

Navarre still very bullish on Resolution's gold potential

Drilling ongoing ahead of resource estimate early next year

 Navarre Minerals coring away in Victoria

Navarre Minerals coring away in Victoria

The best-looking hit from a handful of new results reported today was 5m at 10 grams per tonne from 274m.

A 10,000m diamond core drilling program is underway with a maiden resource estimate pegged for the end of quarter one, 2021.

"The style and geometry of gold mineralisation is similar to the multimillion ounce Magdala gold deposit, on-strike 20km further north, where gold has been mined from surface to 1.6km depth," Navarre said. 

The explorer has about $12 million cash.

A second rig is to be deployed early next month to accelerate work, with a third potentially being brought in too.

Preliminary metallurgical work is also planned.

Shares in Navarre were up 13% to 13c in morning trade, capitalising the company at $70 million.

 

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Journal Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Journal Intelligence team.

editions

ESG Mining Company Index: Benchmarking the Future of Sustainable Mining

The ESG Mining Company Index report provides an in-depth evaluation of ESG performance of 61 of the world's largest mining companies. Using a robust framework, it assesses each company across 9 meticulously weighted indicators within 6 essential pillars.

editions

Mining Journal Intelligence Global Leadership Report 2024: Net Zero

Gain insights into decarbonisation trends and strategies from interviews with 20+ top mining executives and experts plus an industrywide survey.

editions

Mining Journal Intelligence Project Pipeline Handbook 2024

View our 50 top mining projects, handpicked using a unique, objective selection process from a database of 450+ global assets.

editions

Mining Journal Intelligence Investor Sentiment Report 2024

Survey revealing the plans, priorities, and preferences of 120+ mining investors and their expectations for the sector in 2024.